Obamacare ‘Bomb’ Set to Blow Up Private Health Care System?

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In a piece subtly entitled, “The Bomb Buried in Obamacare Explodes Today — Hallelujah!,” Rick Ungar gleefully writes in Forbes that a rarely discussed provision of Obamacare will put us on “an inescapable path to a single-payer system for most Americans….” The provision to which Ungar refers is “called the medical loss ratio, [which] requires health insurance companies to spend 80% of the consumers’ premium dollars they collect — 85% for large group insurers — on actual medical care rather than overhead, marketing expenses and profit.” He writes that this is “the true ‘bomb’ contained in Obamacare and the one item that will have more impact on the future of how medical care is paid for in this country than anything we’ve seen in quite some time.”

Ungar cheerfully adds,

“Indeed, it is this aspect of the law that represents the true ‘death panel’ found in Obamacare — but not one that is going to lead to the death of American consumers. Rather, the medical loss ratio will, ultimately, lead to the death of large parts of the private, for-profit health insurance industry.

“Why? Because there is absolutely no way for-profit health insurers are going to be able to learn how to get by and still make a profit while being forced to spend at least 80 percent of their receipts providing their customers with the coverage for which they paid.

“Today, that bomb goes off.

Read more at Weekly Standard

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This was always the goal of Obamacare.

MATA
SUPER FIND UNDER THE ROCKS OF OBAMA,
IT MEAN THERE IS A LOT MORE DEEPER.
BYE

@ilovebeeswarzone:

MATA
SUPER FIND UNDER THE ROCKS OF OBAMA,
IT MEAN THERE IS A LOT MORE DEEPER.
BYE

It is considered poor taste to type in all caps all of the time, like you do, Bee.

It is considered yelling.

Just some advice.

IVAN
hi,
okay, I promise
since you ask so well.
bye